Learning Outcomes
On completion of this course, the learner should be able to:
1. Explain the roles of cost accounting, management accounting, and financial accounting.
2. Identify elements of costs.
3. Allocate and evaluate costs.
4. Calculate product costs under different methods of cost accounting.
5. Identify relevant costs for decision-making.
6. Describe the principles of budgeting and prepare budgets.
7. Identify any ethical issues that may be met by management accountants.
Course Overview (Video)
Course Curriculum
Unit 1 - Scope of Management Accounting
Unit 2 - Cost Classification
Unit 3 - Material Costs
Unit 4 - Labour Costs
Unit 5 - Overhead Costs
Unit 6 - Specific Order Costing
Unit 7 - Process Costing
Unit 8 - Absorption and Marginal Costing
Unit 9 - CVP Analysis
Unit 10 - Relevant and Irrelevant Costs
Unit 11 - Activity Based Costing
Unit 12 - Standard Costing
Unit 13 - Variance Analysis
Unit 14 - Budgeting
Unit 15 - Budgetary Control
Unit 1- Introduction to Cost & Management Accounting
Lecture 1 - Scope of Cost & Mgt Accounting
Unit 2 - Cost Classification
Lecture 1 - Product & Service Cost Classification
Lecture 2 - Cost Classification by Function
Lecture 3 - Cost Concepts
Unit 3 - Material Costs
Lecture 1 - Material Costs Explained
Lecture 2 - Stock Levels
Lecture 3 - Re-Order Quantity (EOQ)
Lecture 4 - Stock Valuation Techniques
Unit 4 - Labor Costing
Lecture 1 - Labor Costing Explained
Lecture 2 - Remuneration Methods
Lecture 3 - Labor Turnover
Unit 5 - Accounting for Overheads
Lecture 1 - Accounting for Overheads
Lecture 2 - Overhead Allocation
Lecture 3 - Overhead Apportionment
Unit 6 - Specific Order Costing
Lecture 1 - Job Costing
Lecture 2 - Batch Costing
Lecture 3 - Contract Costing
Unit 7 - Process Costing
Lecture 1 - Process costing
Unit 8 - Absorption and Marginal Costing
Lecture 1 - Marginal Costing
Lecture 2 - Absorption Costing
Lecture 3 - Profit Reconciliation
Lecture 4 - Marginal Costing Profit Statement
Lecture 5 - Absorption Costing Profit Statement
Unit 9 - CVP Analysis
Lecture 1 - BEP for a Single Product
Lecture 2 - Margin of safety for single product
Lecture 3 - Target Profit for a single product
Unit 10 - Relevant and Irrelevant Costs
Lecture 1 - Introduction to Relevant Costs
Lecture 2 - Make or Buy Decisions
Lecture 3 - Operate or Shutdown Decisions
Lecture 4 - Product-mix decisions
Lecture 5 - Special Order decisions
Unit 11 - Activity Based Costing
Lecture 1 - Activity Based Costing Explained
Unit 12 - Standard Costing
Lecture 1 - Introduction to Standard Costing
Lecture 2 - Preparation of Flexible Budget
Unit 13 - Variance Analysis
Lecture 1 - Basic Variances Explained
Lecture 2 - Material and Labor Variances
Lecture 3 - Variable and Fixed Overhead Variances
Unit 14 - Budgeting and Budgetary Control
Course Resources
Pricing Plans
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Frequently Asked Questions
The course starts now and never ends! It is a completely self-paced online course. You decide when you start and when you finish.
If you pay for a Tutor support plan, you will get to attend weekly live interactive sessions with your Tutor in addition to following your own study plan.
How does life-time access sound? After enrolling you have unlimited access to this course for as long as you like across any and all devices you own.
We would never want you to be unhappy! If you are unsatisfied, with your purchase, contact us in the first 7 days and we will give you a full refund.
You will get a custom certificate signed by your lecturer for every short course and master class. Students undertaking professional courses such as CPA(U), ATD, and CTA will get their certificates and result slips from the ICPAU.
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Target Group
The course has been designed for students undertaking Cost and Management Accounting under CPA(U) professional course and has been built around the official CPA(U) syllabus. The course is also designed for students undertaking Management Accounting at an institution of higher learning.
CPA Innocent Mugisha is a Professor of Finance and Accounting with over 10 years' experience in teaching Accounting, Finance, Taxation, Auditing and Statistics related courses including hands-on courses on common accounting system such as tally, quickbooks and sunsystems both at University and Professional level. His qualifications are; PhD (candidate), MBA(Finance), CPA(U), FCCA, CIPS, CTA and BCOM (Accounting). Innocent has also published various books on most topics in Accounting and Finance for Business and Professional Studies.
